Angel One Limited Settles with SEBI Regarding Association with Algo Platforms
Angel One Limited announced on March 20, 2026, that it has settled proceedings with the Securities and Exchange Board of India (SEBI) regarding its association with certain algorithmic (algo) platforms. The settlement, formalized in Settlement Order No. PSD/SD/SettScheme/2/2025-26, stems from an investigation into whether the company's association with these platforms violated SEBI Circular SEBI/HO/MIRSD/DOP/P/CIR/2022/117 dated September 02, 2022, and regulations outlined in Schedule II and Regulation 9 of the SEBI (Stock Brokers) Regulations, 1992.The investigation observed that Application Programming Interfaces of Angel One Limited remained integrated with algo platforms that described strategies containing guaranteed returns. As a result, SEBI initiated adjudication proceedings.
Angel One Limited applied to participate in the Settlement Scheme on Association with Certain Algo Platforms, 2025, and remitted Rs. 1,00,000. The settlement resulted in the closure of proceedings against the company. SEBI initiated the settlement under the Securities and Exchange Board of India Act, 1992, and the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018.
The company stated that the settlement has no material impact on its financial, operational, or other activities. Angel One Limited has also disassociated itself from algo platforms that offer guaranteed returns.
The order was received by the company on March 18, 2026.
Dinesh Thakkar, Chairman and Managing Director, signed off on the disclosure.
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